“The hipster is a capitalist.” So said Matt Hancock, Theresa May’s new minister for digital and culture, who replaced Ed Vaizey in July this year. A standout soundbite from Hancock’s buzzword-laden keynote speech delivered last Friday at the Creative Industries Federation meet and greet event for culture’s great and good at the British Film Institute.

Following the Brexit vote, the race to succeed London as Europe’s financial capital is on. “We know that groups based in the City are planning to leave for Dublin, Amsterdam, Frankfurt and Paris,” the French prime minister, Manuel Valls, told journalists soon after the UK’s referendum.